The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-04
MONEY, BONDS AID STOCKS.
A Dull Day, with Operations Confined to &
Few Active Stocks

A Dull Day, with Operations Confined to a
Few Active Stocks.
NEW YORK, May 3.--Money call was
Easy at a al. per cent, the last loans being
made at 5. closing offered at per cent
Prime mercantile paper. q 81 per cent.
Sterling exchange was dull but stronger at
a. s63 for sixty-day bills and "a. So for demand.
The total sales of stocks to-day were 30, 46S
shares including the following; Delaware, Lack
swauna 6 Western, 1900. Erie, $500: Lake
Bhore 5. 764; Louisville & Nashville, 5000; Mis-
Bouri Pacific, 1920: Northwestern, $500 Read
Ing, 1850; st. Paul. 5000; Union Pacific, 1890
Western Union. 20 6l0
The stock market today except for three or
four stocks fully as dull and featureless as
yesterday. although the operations in the few
active stocks gave more character to the trading
There was no news Of Importance, and the opera
tions were little than the manipulations
BY the clIques and the usual purchases and sales
by the room-traders. Fluctuations in the gen
eral list were unusually small. and possessed lit
tie or n o significance. Western Union was the
principal point of attack in the forenoon, but
gave place. later. to Reading and New England.
Many conflicting stories IN regard TO the first
named stock continue to be circulated, and the
street is puzzled in regard 10 its future course.
The efforts to depress New England met with
but small success, and its strength in the
brought to bear against il, somewhat
remarkable Fort Worth s. Denver the
conspicuous strong stock of the day, but its
movements had effect upon the general list.
Money was again bid up in the afternoon, and,
in conjunction with the advance in sterling
change rates. had some little effect upon the
market. Union Pacific remarkably steady
throughout the day. the Improvement in it's
tone being generally ascribed TO the late report
pf earnings.
The opening generally firm. most stocks
Ihowing advances OF ! TO ]. The market
weakened. however. and fractional declines
we're established in the general list, while New
England specially weak for the first few
minutes. A general rally occurred. however,
before noon although Western Union
inued weak throughout most of that time.
The fluctuations in the general list were
lined within a range of {. and after u o'clock
The market became extremely dull. Fort Worth
Denver was strong and the general list
Jponded feebly, but later the improvement was
Sntirely lost, the heavy tone prevailing until
aear the close which dull and steady.
Bales, 210, 400 shares; Reading, - 059: New Eng
land, 81, 400; Western Union, &c 6I0 Union Pa
rife 1880; Fort Worth g. Denver, Is, 100.
Closing prices are IrreGularly changed from
hose of last evening. declines being slightly in
Ihe majority. Fort Worth gained II, but all
Sther differences are for fractions.
Railroad bonds were quiet, with sales Of 81. 800,
BOO. The list was fFn in the morning, but
weakened later the day, and closing prices
show irregular changes. Morris x Essex n
pols gained 2 to 1871; Kansas Pacific SKIES of
1895, 2, to lis; Oregon Shortine frsts lost 2. to
101t.
Government bonds were dull but steady to
weak.
State bonds were dull and steady. Closing
finru